Itoco (ITMC) Change In Inventory : $0.12 Mil (TTM As of Sep. 2010)

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What is Itoco Change In Inventory?

Itoco's change in inventory for the quarter that ended in Sep. 2010 was $0.00 Mil. It means Itoco's inventory stayed the same from Jun. 2010 to Sep. 2010 .

Itoco's change in inventory for the fiscal year that ended in Dec. 2009 was $0.60 Mil. It means Itoco's inventory declined by $0.60 Mil from Dec. 2008 to Dec. 2009 .

Itoco's Total Inventories for the quarter that ended in Sep. 2010 was $0.06 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Itoco's Days Inventory for the quarter that ended in Sep. 2010 was 567.78.

Inventory Turnover measures how fast the company turns over its inventory within a year. Itoco's Inventory Turnover for the quarter that ended in Sep. 2010 was 0.16.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Itoco's Inventory-to-Revenue for the quarter that ended in Sep. 2010 was 5.09.

Itoco Change In Inventory Historical Data

The historical data trend for Itoco's Change In Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Itoco Change In Inventory Chart

Itoco Annual Data

Trend

Dec08

Dec09

Change In Inventory

-0.64

0.60

Itoco Quarterly Data
	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10
Change In Inventory	Get a 7-Day Free Trial						0.02	0.12	-	-	-

Itoco Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Sep. 2010 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.12 Mil.

Itoco (OTCPK:ITMC) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Itoco's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.056	/	0.009	*	365 / 4
	=	567.78

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Itoco's Inventory Turnover for the quarter that ended in Sep. 2010 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.009	/	0.056
	=	0.16

3. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Itoco's Inventory to Revenue for the quarter that ended in Sep. 2010 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.056	/	0.011
	=	5.09

Itoco Change In Inventory Related Terms

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Itoco (ITMC) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

50 West Liberty Street, Suite 880, Reno, NV, USA, 89501

Website

https://www.itoco.net

Itoco Inc is focused on developing and bringing biotech products to the market via co-development and joint venture arrangements with various companies. The company is currently examining various technologies that seek to control and/or identify bio-contaminants such as viruses and bacteria.